Loan & Debt30 Sept 2026, 03:06 pm
Bank of India Redeems ₹1,800 Cr Tier II Bonds
AI Summary
Bank of India has announced the full redemption of its 7.14% BOI Tier II Bonds Series XV, amounting to ₹1,800 crores. The redemption, which includes the principal amount and broken period interest, occurred on September 30, 2026. This action was taken under a call option exercised by the bank. The outstanding amount post-redemption is Nil. The broken period interest paid amounted to ₹64,08,39,453.
Key Highlights
- Bank of India completed redemption of ₹1,800 Cr Tier II Bonds.
- Redemption was executed on September 30, 2026, via call option.
- Principal and broken period interest have been paid to bondholders.
- Outstanding debt from this series is now Nil.
Price Impact
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